Gujarat NRE Coke stock trading to be suspended by stock exchanges from February 12

The Kolkata bench of the National Company Law Tribunal (NCLT) had last month ordered liquidation proceedings against GNCL as a ‘going concern’, as no resolution plan was approved during the stipulated time. Liquidation proceedings against the firm commenced on January 22.

The BSE and the NSE will suspend trading in the equity shares of Gujarat NRE Coke (GNCL) from February 12 as liquidation proceedings have started against the insolvent company.